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Competitive purchasing of energy could apply to individuals, groups

Wednesday - 9/29/2010, 3:45pm EDT

Reverse auctions -- in which the bidder is the seller -- have helped large companies and cities save millions of dollars in energy costs and could be used for individuals and neighborhoods, according to a Southeastern Louisiana University professor in a release.

Professor David Wyld's idea is to develop an "e-marketplace" where consumers can purchase energy from a number of sources.

"Reverse energy would help consumers save on their energy bills and 'go green' in the process," Wyld said in the release.

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